Armenia recorded a trade deficit of 555.20 USD Million in February of 2020.
Balance of Trade in Armenia averaged -178.94 USD Million from 2003 until 2020, reaching an all time high of -33.98 USD Million in August of 2003 and a record low of -555.20 USD Million in February of 2020. This page provides the latest reported value for - Armenia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Armenia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on March of 2020.
Balance of Trade in Armenia is expected to be -211.80 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Armenia to stand at -211.40 in 12 months time. In the long-term, the Armenia Balance of Trade is projected to trend around -211.40 USD Million in 2021 and -229.00 USD Million in 2022, according to our econometric models.